Although Bitcoin experienced momentary fluctuations following the approach of 20 thousand dolars, there was a steady decline in overall picture. On the other hand, no one expected Bitcoin to rise so fast. Nevertheless, according to expert comments, after a rapid rise, Bitcoin's rapid decline was not foreseen. After declining today, the balloon expressions came to mind about Bitcoin, which dropped below 10 thousand dollars.
In general, as the investment made in Bitcoin grows, the value increases and vice versa, but the value starts decreasing. Tether and Bitfinex, the world's biggest cryptographic cryptography companies, are accused of causing all Bitcoin investors to turn around and lose value.
I think that Bitcoin will continue to lose value when considering living conditions. Nouriel Roubini, who has become the world's top economist with many guesses about the crisis, said that Bitcoin values are inflated and will experience 80% depreciation without this support.
I also think that the lawsuits and rumors going on will continue to depreciate as coward investors will move away from the favorite crypto currency. Well, do you think people who are waiting for your long-term investment will be profitable?